Janesville partners with housing group to rehab houses

Brad Radloff of Top Notch Construction prepares for major roof work on a Janesville home being renovated as part of the federal Neighborhood Stabilization Program. The city and the Wisconsin Partnership for Housing Development work together on the program in Janesville.

Mark Kauzlarich

Jeremy Mathews works on fitting pipes for an upstairs bathroom during renovations at a house on Rockport Road in Janesville.

Mark Kauzlarich

Katherine Kamp, deputy director of the Wisconsin Partnership for Housing Development, turns on a ceiling fan in a renovated home on Franklin Street in Janesville. The city recently joined the partnership to help it fix up houses—especially in low-income neighborhoods.

Bill Olmsted

270 S. Franklin St., Janesville

Bill Olmsted

410 Johnson St., Janesville

Bill Olmsted

275 Rockport Road, Janesville

Bill Olmsted

627 Rockport Road, Janesville

Bill Olmsted

378 Wilson Ave., Janesville

Bill Olmsted

403 Lincoln St., Janesville

"I have looked at a lot of houses in these neighborhoods," she said. "There's some beautiful, historic homes, and people like to live in older homes that have character that they can make their own."

HOUSING PARTNERSHIP

The Wisconsin Partnership for Housing Development has signed two city contracts since June 2011 to rehab six homes and build a new home with a goal of improving housing in the inner city neighborhoods. Three of the seven are now for sale.

1.

270 S. Franklin St.

Size: 1,472 square feet

Pre-rehab appraisal: $30,000

Purchase price: $27,000

Estimated rehab cost and fees: $112,470

Post construction appraisal: $72,500

Sale price: $72,500

2.

410 Johnson St.

Size: 1,628 square feet

Purchase price: $25,740

Pre-rehab appraisal: $26,000

Estimated rehab cost and fees: $109,609

Post-rehab appraisal: $73,000.

Sale price: $73,000

3.

275 Rockport Road (under construction)

Size: 1,391 square feet

Purchase price: $37,500

Pre-rehab appraisal: $49,000

Rehab cost and fees: Not yet available

4.

627 Rockport Road (under construction)

Size: 1,600 square feet

Purchase price: $12,977.

Pre-rehab appraisal: $25,000

Rehab cost and fees: Not yet available

5.

378 Wilson Ave.

Size: 916 square feet

Purchase price: $34,000

Pre-rehab appraisal: $41,500

Estimated rehab cost and fees: $76,928

Post-rehab appraisal: $67,000

Sale price: $64,900

6.

403 Lincoln St. (under construction)

Size: 1,748 square feet

Purchase price: Donated

Pre-rehab appraisal: $54,000

Rehab cost and fees: Not yet available

7.

176 Lincoln St. (new construction)

Size: About 1,600 square feet

Estimated cost and fees: $150,000 for construction plus $24,000 for the lot